This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. People need to be convinced to trust data as well as informed recommendations. Without a desire to change, most people will revert to their preferred approach. A) True. B) False. C) Sometimes. D) Maybe. Show Answer Correct Answer: A) True. 2. The style of a manager who prefers simple, clear-cut solutions. Tend to make decisions quickly and may only consider one or two alternatives. A) Directive style. B) Analytical sytle. C) Conceptual style. D) Behavioral style. Show Answer Correct Answer: A) Directive style. 3. Which of the following will result in an adverse variance? A) Actual expenditure on fuel lower than in the budget. B) Actual raw material costs higher than the budgeted figure. C) Sales revenue actually received greater than in the budget. D) Budgeted wages less than actual wages. Show Answer Correct Answer: B) Actual raw material costs higher than the budgeted figure. 4. Generally, what time period are 'tactical' decisions made for? A) +10 years. B) 12 months. C) Hourly. D) Every second. Show Answer Correct Answer: B) 12 months. 5. One advantage of group decision making is that it usually provides ..... than individual decision making. A) Faster decisions. B) More ethical decisions. C) Less confusion. D) More information. Show Answer Correct Answer: D) More information. 6. Which of the following sources of finance is used primarily for short-term uses? A) Debt factoring. B) Share capital. C) Sale of buildings. D) Venture capital. Show Answer Correct Answer: A) Debt factoring. 7. Decision-making strategy in which you choose the alternative with the lowest level of risk A) Play it Safe. B) Escape. C) Trade Off. D) None of above. Show Answer Correct Answer: A) Play it Safe. 8. What a person gives up when making a decision is commonly called: A) The time value of money. B) A personal risk. C) An opportunity cost. D) Spontaneity. Show Answer Correct Answer: C) An opportunity cost. 9. A key idea in the decision making process is to ..... before you act. A) Think. B) Wait. C) Eat. D) None of above. Show Answer Correct Answer: A) Think. 10. Groups to which an individual looks as a source of personal standards A) Reference Group. B) Family. C) Target Market. D) None of above. Show Answer Correct Answer: A) Reference Group. 11. Who would usually make tactical decisions within an organisation? A) Middle management. B) Cleaners. C) CEO. D) None of above. Show Answer Correct Answer: A) Middle management. 12. ..... are choices most people make automatically about everyday matters. A) Major decisions. B) Expected decisions. C) Impulsive decisions. D) Routine decisions. Show Answer Correct Answer: D) Routine decisions. 13. Which one of the following is not one of the seven steps to a decision A) Define your needs and wants. B) Gather information. C) Wish for luck. D) Make a decision. Show Answer Correct Answer: C) Wish for luck. 14. Discovering the strengths, weaknesses, threats and opportunities is a decision making process commonly referred to as: A) PERT Chart. B) Decision Tree. C) S.W.O.T. Analysis. D) Choices. Show Answer Correct Answer: C) S.W.O.T. Analysis. 15. Pollution standards for a business are regulated by the: A) EEOC. B) USDA. C) FDA. D) EPA. Show Answer Correct Answer: D) EPA. 16. What decision making model can "Often be complex and may result in major organisational change internal to the business or in the markets" A) Tactical. B) Intuitive. C) Operational. D) Scientific. Show Answer Correct Answer: A) Tactical. 17. Nurses actively use ..... ..... in a variety of situations, particularly during planning client care, planning the work day, and planning to whom tasks can be delegated. A) Brainstorming. B) Experience, intuition. C) Decision making. D) Focus, Client, work. Show Answer Correct Answer: C) Decision making. 18. What is your basic oulook on life? A) Decisons. B) Attitude. C) Personality. D) Value. Show Answer Correct Answer: B) Attitude. 19. Which one of these is NOT a decision-making style? A) Autocratic. B) Participatory. C) Directorial. D) Democratic. Show Answer Correct Answer: C) Directorial. 20. Which of these is not part of the decision making process? A) Gather information. B) Consider the consequences. C) Evaluate the results. D) Agonize. Show Answer Correct Answer: D) Agonize. ← PreviousNext →Related QuizzesDecision Making QuizzesInformation For Decision Making Quiz 1Information For Decision Making Quiz 2Information For Decision Making Quiz 3Information For Decision Making Quiz 4Information For Decision Making Quiz 5Information For Decision Making Quiz 6Information For Decision Making Quiz 7Information For Decision Making Quiz 8Information For Decision Making Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books